Taking a look at Samsung after its share price has clearly broken out of the trend but towards the downside. From a technical standpoint, sellers might see this as an opportunity to drive the price lower based on the current momentum of this stock. Additionally, its investors may now dump the stock and invest their money elsewhere where gains may be more achievable. Especially as we approach the final quarter of the year.  With many support levels now wiped and the bias shifting towards the downside, the stock is currently trying to establish support between $1,164 and $1,250. A break below $1,164 could then see investors look towards the next major support around the price level of $1,076.50 followed by $903.10. $903.10 is the very low point of 2022, Samsung shares rallied 84% since then but are now only up 40%. It could be argued that this may now be an opportunity with AI demand proving strong so far following Micron’s earnings, and not forgetting that Samsung is a tech giant within its industry with sufficient dominance. However, a cautious approach should remain until there is more stability with regard to the technical indicators. On a risk-to-reward basis, this can be considered high risk right now for the near term. Whereas for a medium to long term outlook, the risk is lower. Nevertheless, it would be more appealing if the MACD levels itself from such a sharp gradient. The yellow channel on the MACD highlights the last time the indicator was heavily oversold, which was the start of the 80% rally. Hence, a more favourable approach would be to wait until the indicator edges towards a similar level. Regarding the RSI, after such continuous selling since July, not once has the RSI reached the oversold territory. It’s not guaranteed to do so, but it certainly implies that there is more room for falls here. Towards the upside, a bounce towards $1,400+ would be required followed by a retracement and then a formation of a new higher low, in order to re-consider possible entry.